Minimum Wages and Economic Justice: A Classroom Exercise
<title>Abstract</title> This paper presents a classroom exercise for an introductory economics course that allows students to discover the economic and social impacts of working for minimum wages. Students are asked to estimate a budget necessary for both a desirable and sustainable standard of living for those earning a minimum wage income. By engaging in active learning on topics such as economic justice, normative economic policy, living wages, and non-material needs, the exercise is an effective vehicle for integrating social economics into a principles course; and offers an opportunity to augment traditional economic pedagogy. Extensions, variations, and a suggested assessment tool for the exercise are also provided.
Year of publication: |
2013
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Authors: | Pacitti, Aaron ; Trees, W. Scott |
Published in: |
Forum for Social Economics. - Taylor & Francis Journals, ISSN 0736-0932. - Vol. 42.2013, 1, p. 59-69
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Publisher: |
Taylor & Francis Journals |
Saved in:
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